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Powerball Jackpot Balloons to $875 Million

Powerball
Powerball ticket with money | Image by Deutschlandreform/Shutterstock

The Powerball is expected to reach a staggering $875 million after no one hit the jackpot during Wednesday’s drawing for an estimated $746 million.

Winning numbers from the drawing were 23, 35, 45, 66, and 67, with a red Powerball number of 20.

The jackpot has grown by more than $150 million in the last two drawings, as Monday’s grand prize was worth an estimated $681 million.

There have now been 36 consecutive drawings since the last winner in April, each adding more funds to the jackpot.

The current jackpot ranks third-largest in Powerball’s history, trailing only the $2.04 billion prize from last year and the $1.586 billion prize won in 2016.

Any winner who chooses the lump sum option would receive an estimated $441.9 million awarded in one single payment, according to a press release from Powerball.

Another option for a potential winner is the annuitized prize, which would grant the full amount of $875 million before taxes. The winner would receive one initial payment followed by a yearly payment increasing by 5% for the next 29 years.

Players must correctly guess all five white ball numbers and the red Powerball number to win the jackpot. The odds of this feat are incredibly low at just 1 in 292.2 million, per Powerball.

Three people have hit the jackpot this year, with grand prizes of $252.6 million, $754.6 million, and $162.6 million.

Overall, there is a 1 in 24.87 chance for players to win some type of prize ranging from $2 to the jackpot.

Around 1.8 million tickets won lower-tier prizes during Wednesday’s drawing, totaling a combined worth of $16.5 million.

Two tickets sold in Florida and Indiana matched all five white balls and won prizes worth $1 million. The Dallas Express covered a Plano resident who won $2 million in February in this way.

Powerball tickets cost $2 and are available for purchase in 45 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Over half of sold tickets’ proceeds remain in the jurisdiction where they were purchased.

Drawings take place on Mondays, Wednesdays, and Saturdays at 9:59 p.m. CT and can be streamed on the Powerball website.

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